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The Forestry Forum

General Forestry => General Board => Topic started by: SwampDonkey on August 20, 2008, 05:45:56 AM

Title: Another Oil Development in Newfoundland, 700 Million Barrels
Post by: SwampDonkey on August 20, 2008, 05:45:56 AM
Hebron got the green light from the Newfoundland government to develop a $5 Billion project off the coast of Newfoundland with an estimated yield of 700 Million Barrels and life of 25 years. The government expects $16 Billion in revenues.
Title: Re: Another Oil Development in Newfoundland, 700 Million Barrels
Post by: SwampDonkey on August 20, 2008, 06:03:41 AM
Had to edit some numbers, the daily output didn't compute with the total yield.  I think they meant 220,000 barrels per day. But when you do the math it's 500,000 per day. SO I assume they are being conservative. ::)
Title: Re: Another Oil Development in Newfoundland, 700 Million Barrels
Post by: moonhill on August 20, 2008, 07:00:26 AM
Drill here, drill now, or something like that.  But your in Canada, fooooy.  SD, doesn't Canada rank high up in the oil out put numbers?    Tim
Title: Re: Another Oil Development in Newfoundland, 700 Million Barrels
Post by: SwampDonkey on August 20, 2008, 07:03:34 AM
Your #1 supplier.  ;D
Title: Re: Another Oil Development in Newfoundland, 700 Million Barrels
Post by: moonhill on August 20, 2008, 07:17:22 AM
Thank You Canada.      Tim
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